The Global Payments Report 2019 revealed revenues from global payments amounted to $1.9 trillion, while transaction fee growth stagnated as a result of competitive … Asia–Pacific (APAC) payments revenues grew by 6 percent in 2018, in line with GDP growth for the region (but contrary to what one could expect, slower than in North America). Accessed December 02, 2020. https://www.statista.com/statistics/609723/value-of-cross-border-payments-by-type/, Accenture. Adyen has extensive global coverage of over 30 currencies. New, Figures and insights about the advertising and media world, Industry Outlook Join an esteemed International Panel of FinTech, Trade, and Global Payment professionals for a lively discussion of the latest industry trends and developments. The value of global cross-border payments … i For decades, Western Union already paid out in minutes into 550,000 agent locations in 200 countries and territories. The work spans across the revenue collection and expenditure side, including large scale programs like tax collection, public sector salary payments, public procurement and other Government to Person (G2P) payments. Full Conference: Cross-Border Payments—A New Beginning. In 2015, the payments constituted 20 percent of the entire transactions in the payments industry, generating 50 percent of transaction revenues.
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Cross-border payments are vital to the overall global payments infrastructure. For more on 2019 payment trends, check out our first post on payment automation. The Federal Reserve recently conducted a review of the current cross-border payments landscape to better understand developments and ongoing challenges. Statista. "Value of Cross-border Payments Worldwide from 2016 to 2022, by Type (in Trillion U.S. New Report On Global Cross-Border Payment Platform Market 2020 by Company, Regions, Type and Application, Forecast to 2025 added to Orbisresearch.com store which has 102 pages and available for purchase at US $ 3480. Trade flows as a percentage of global GDP have remained stable over this period. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. You only have access to basic statistics. ", Accenture, Value of cross-border payments worldwide from 2016 to 2022, by type (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/609723/value-of-cross-border-payments-by-type/ (last visited December 02, 2020), Value of cross-border payments worldwide from 2016 to 2022, by type, Number of bank customers in Nigeria 2016-2019, Payments at points of sale by type in Nigeria 2020, Volume of e-payment transactions in Nigeria 2019, by channel, Monthly value of e-payment transactions in Nigeria 2020, E-payments transaction efficiency rate in Nigeria 2020, Distribution of online payment methods in Nigeria 2020, Credit card penetration in Africa 2020, by country, Credit card penetration forecast in Nigeria 2010-2025, Debit card penetration forecast in Nigeria 2010-2025, Distribution of credit and debit cards scheme in Nigeria 2020, Number of mobile money agents in Nigeria 2016-2019, Transaction value of mobile money operations in Nigeria 2016-2019, Transaction volume of mobile money operations in Nigeria 2016-2019, Number of licensed MMOs in Nigeria 2016-2019, Number of check payments issued in Nigeria 2015-2019, Mean value of checks in Nigeria 2016-2019, Monthly value of money transfers per mobile app in Nigeria 2020, Monthly value of NEFT payments in Nigeria 2020, Monthly value of RTGS transfer payments in Nigeria 2020, Share of respondents that have cash reserves in the Euro area 2016, by country, Assessment of development of investments in payments technology Americas 2015-2018, Value of payments revenues globally 2010-2018, with forecasts to 2028, EU countries with the highest revenue in non-MFI payments 2018, by country, Capability of banks and start-ups to offer selected payment technologies 2016, Number of payments per capita in Netherlands 2010-2019, by type of payment service, Payment options offered or being developed by retailers worldwide 2016, Value of cross-border payments revenues globally 2018, by type, Projected growth of payments revenue globally 2018-2023, by type, Value of cross-border payments worldwide 2018, by type, Share of merchants reporting payment data theft globally 2018, Number of institutions offering payment services in the European Union 2010-2018, Non-MFI payment transactions in 28 countries in Europe 2016-2018, Payment transactions involving non-MFIs in EU 2011-2018, Number of one-time bill payments in the U.S. 2016, by method, Monthly value of total Bacs payments in the United Kingdom (UK) 2015-2019, Bacs: value of direct credit payments in the United Kingdom (UK) Q2 2013-Q2 2019, Number of institutions offering payment services in the Eurozone 2010-2018, Contactless payments and NFC in the Benelux, Value of cross-border payments worldwide from 2016 to 2022, by type (in trillion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. We'll email you when new articles are published on this topic. 2